Global Demand for Cataract Devices Is Forecasted To Expand At A CAGR of 3.7% by 2032

The global cataract devices market stands at US$ 13.55 billion in 2022 and is forecasted to expand at a CAGR of 3.7% to reach a market size of US$ 19.49 billion by the end of 2032.

Technical advancements leading to risk-free and easy procedures are transforming the way cataract surgeries are performed. Cataract devices account for close to 10% of the global ophthalmic surgery market and are likely to gain 300 BPS over the span of the next ten years.

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Competitive Landscape

Key players are focusing on providing specific, affordable, and adaptable cataract devices that fit the needs and expectations of varied end users. Investments by manufacturers to expand their presence on a global level are achieved by following various inorganic growth tactics such as mergers, acquisitions, and collaborations with emerging players in every part of the world. The clear link between R&D investment and economic growth achieved by leading manufacturers marks the importance of product innovation in the industry.

• In Jan 2020, Hoya Corporation announced a joint venture with GeMax, a specialty service provider of IOLs with a strong market position in China. The collaboration will help Hoya Surgical Optics gain a prominent position in the East Asia market.
• In July 2022, Nidek Technologies acquired back Nidek Medical S.R.L., a sales and service company of ophthalmic devices. This acquisition will allow the company to enhance its ophthalmic devices portfolio.

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Key Companies Profiled:

• Bausch & Lomb
• Carl Zeiss Meditec AG
• Alcon
• Hoya Corporation
• Staar Surgical
• NIDEK CO., LTD
• Johnson and johnson
• Aurolabs
• Biotech Healthcare Group
• Ophtec BV
• VSY Biotechnology

Segmentation of Cataract Devices Industry Research

• By Product Type:
  • Phacoemulsification Equipment
  • Ophthalmic Viscoelastic Devices (OVD)
    • Cohesive OVD
    • Dispersive OVD
  • Femtosecond Lasers
  • Intraocular Lenses (IOLs)
    • Standard Monofocal IOLs
    • Premium IOLs
      • Toric IOLs
      • Multifocal IOLs
      • Accommodative IOLs
• By Application:
  • Posterior Sub-Capsular Cataracts
  • Cortical Cataracts
  • Nuclear Sclerotic Cataracts
  • Congenital Cataracts
  • Traumatic Cataracts
  • Others
• By End User:
  • Hospitals
  • Ophthalmic Clinics
  • Ambulatory Surgery Centers

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Questionnaire answered in the Cataract Devices Market report include:

• How the market for Cataract Devices has grown?
• What is the present and future outlook of the global Cataract Devices on the basis of region?
• What are the challenges and opportunities for the Cataract Devices?
• Why the consumption of Cataract Devices highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Cataract Devices market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Cataract Devices market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Cataract Devices market and assists to create strategies to overcome the obstacles that may hinder the growth of the Cataract Devices market.
• Leverage: The Cataract Devices market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Cataract Devices market.

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